All the things related to the election, we all know, that the opposition parties, including the Congress, created a ruckus in Parliament, calling the electoral bond a source of formal corruption. While the Bharatiya Janata Party has reversed this, it has been said that the opposition parties are making it a point of needlessness.

What are Electoral Bonds? According to the information received, the Central Government had announced to introduce Electoral Bonds in the budget of FY 2017-18 to make the election funding of the political parties of the country transparent. Electoral bonds are used by individuals, institutions and Indian and foreign companies to donate to political parties. No more than two thousand will be taken as a cash donation. Where the government argues that since the name of the donor is not on the bond, and the party does not even know the name of the donor. Only the bank knows who has given this donation to whom. The basic purpose of this is that the party will be able to disclose the number of donations in its balance sheet without the donor's name.

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According to the information received from the Sutras, let us tell you that these bonds available at the cost of one thousand, ten thousand, one lakh, ten lakh, and one crore rupees are registered under Section 29A of Representation of the People Act - 1951. Only political parties can redeem, who have won at least one percent of the votes in the last general election or assembly elections. This money will be deposited in the bank account verified by the Election Commission.

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Law Ministry's suggestion: A report has revealed that according to documents obtained by another RTI, the Law Ministry had suggested that the minimum vote share requirement should be either 6 percent (recognized 52 states and 8) for national parties or not at all (current requirement is 1 percent). While it is not clear that out of 2,487 unrecognized parties, 1 percent vote share is how many. Some people have also alleged that since the State Bank of India, which sells these bonds, knows the identity of the buyer, the government in power can easily find out who has bought the bonds and for whom. The Supreme Court is going to hear a petition on the validity of these bonds.

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